Analyst Says XRP Retest Still on the Table. Here’s Why
2025-07-20 22:22:17
Main Idea
Analyst suggests XRP may retest key Fibonacci levels, with potential bullish outcomes depending on whether it holds above $3.40 or retests $3.12.
Key Points
1. XRP is trading at approximately $3.52, consolidating near the Fib 1.0 level at $3.40, which is seen as a bullish sign.
2. A retest of the Fib 0.888 level at $3.12 is possible, which could serve as a critical point for a potential breakout.
3. If XRP holds above $3.40, it indicates strong bullish momentum; a successful retest of $3.12 could also set up another rally.
4. Market indicators like the MACD and RSI show strength, though overbought signals on shorter timeframes may justify a temporary pullback.
5. XRP's recent breakout to a new all-time high of $3.65 suggests potential macro targets ranging from $6 to $27 over time.
Description
XRP is currently trading at approximately $3.52, maintaining strength after breaking its previous all-time high. This consolidation near the Fib 1.0 level at $3.40 is drawing heightened attention from market participants, especially as analysts like Egrag Crypto warn of a potential pullback to a critical support zone. According to Egrag’s latest technical analysis shared on X, a retest of the Fibonacci 0.888 level at $3.12 remains firmly on the table, a scenario that could either affirm the ongo...
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